Accel Entertainment, Inc. (NYSE:ACEL) CEO Sells $89,541.48 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 7,437 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $12.04, for a total value of $89,541.48. Following the completion of the sale, the chief executive officer now owns 4,180,399 shares of the company’s stock, valued at $50,332,003.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL traded down $0.16 during trading on Friday, hitting $11.93. The stock had a trading volume of 590,844 shares, compared to its average volume of 260,521. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The stock has a market capitalization of $985.90 million, a price-to-earnings ratio of 23.63 and a beta of 1.47. The company has a quick ratio of 2.98, a current ratio of 3.05 and a debt-to-equity ratio of 2.57. The stock has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $10.86.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $309.41 million during the quarter, compared to analysts’ expectations of $302.24 million. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. On average, equities research analysts expect that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Greenvale Capital LLP grew its holdings in Accel Entertainment by 7.3% in the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after purchasing an additional 398,302 shares during the period. American Century Companies Inc. grew its holdings in Accel Entertainment by 1.1% in the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after purchasing an additional 36,316 shares during the period. Sei Investments Co. grew its holdings in Accel Entertainment by 2.1% in the second quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock valued at $4,046,000 after purchasing an additional 8,138 shares during the period. Mill Road Capital Management LLC grew its holdings in Accel Entertainment by 282.9% in the fourth quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock valued at $3,086,000 after purchasing an additional 222,005 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Accel Entertainment by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock valued at $2,470,000 after purchasing an additional 17,929 shares during the period. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.